Logo of AME Company for Medical Supplies
AME Company for Medical Supplies will begin trading on Nomu – Parallel Market as of today, Jan. 18, as a direct listing, with the symbol 9527 and ISIN Code SA15GGP4KRH1.
The stock will have a ±30% daily price fluctuation limit and ±10% static price fluctuation limit.
The Capital Market Authority (CMA) approved, on Dec. 22, 2021, the registration of AME shares for the purpose of direct listing on Nomu, according to data available with Argaam.
The company announced on Dec. 27, the registration document for the direct listing of its shares on Nomu, setting the price guidance per share at SAR 50.
This is the tenth direct listing on Nomu after Riyadh Cement Co. in September 2020, Watani Iron Steel Co. in February 2021, Fesh Fash Snack Food Production in May 2021, Mohammed Hasan AlNaqool Sons Co. in June 2021 and National Fertilizer Co. in July 2021, Canadian Medical Center, Banan Real Estate in August 2021, National Gas Distribution Co. in September 2021 and Enma Al Rawabi in October 2021.
Company Profile
Established in 2009 and headquartered in Jeddah, the company was transformed to a Saudi joint stock company in June 2021.
The company's current capital is SAR 70 million, divided into seven million shares with a nominal value of SAR 10 per share.
AME Medical Supplies’ activities are represented in retailing medical devices, equipment and supplies, according to its commercial register.
The medical supplies company distributes and markets medical products, supplies, equipment and devices used mainly in the field of cosmetics and plastic surgery in Saudi Arabia.
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Company Profile |
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Company |
AME Medical Supplies |
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Market |
Nomu Parallel Market |
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Core Activities |
Retailing of medical devices, equipment and supplies |
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Status |
Active |
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Capital |
SAR 70 mln |
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Direct Listing Profile |
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Number of shares |
7 mln |
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Share par value |
SAR 10/share |
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Share price guidance upon listing |
SAR 50 |
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Method of setting opening price |
The opening price of the stock shall be set based on the supply and demand for the stock, through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a 30% daily fluctuation ratio. The price guidance is a reference for the fair market value, and is also the debut price. |
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Qualified investors |
- Current shareholders (except for owners of 5% of more, to whom the lock-up period shall apply.
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Ezdihar Al-Oula Medical Co. is the company's major shareholder before the direct listing, with a 21.43% stake.
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AME Medical Supplies' Shareholders |
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Shareholders |
Number of shares (‘000) |
Ownership (%) |
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Ezdihar Al-Oula Medical Co. |
1500.1 |
21.43% |
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Ali Mohammed Deeb Ali Eed |
1050.0 |
15.00% |
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Mawadda Ali Deeb Eed |
189.0 |
2.70% |
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Tala Ali Mohammed Deeb Eed |
189.0 |
2.70 % |
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Ahmed Saud Hamza Ghouth |
50.0 |
0.71% |
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Hisham Omar Ali Baroom |
50.0 |
0.71% |
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Public (78 shareholders) |
3971.9 |
56.74% |
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Total |
7000.0 |
100% |
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